El Salvador: Olive Market 2020

Olive Market Size in El Salvador

The revenue of the olive market in El Salvador amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, the total market indicated a slight increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, olive consumption decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. In that year, the olive market reached its peak level of $X. From 2017 to 2018, the growth of the olive market remained at a lower figure.

Olive Production in El Salvador

In value terms, olive production amounted to $X in 2018 estimated in export prices. Over the period under review, olive production continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. In that year, olive production reached its peak level of $X. From 2017 to 2018, olive production growth remained at a lower figure.

In 2018, the average yield of olives in El Salvador stood at X kg per X ha, shrinking by -X% against the previous year. In general, the olive yield continues to indicate a slight reduction. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. The global olive yield peaked at X kg per X ha in 2007; however, from 2008 to 2018, yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of olives were harvested in El Salvador; picking up by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to olive production attained its maximum in 2018 and is expected to retain its growth in the near future.

Olive Exports

Exports by Country

Portugal (X tons) and Spain (X tons) dominates olive exports structure, together mixing up X% of total exports. It was distantly followed by Greece (X tons) and Mexico (X tons), together committing a X% share of total exports. Syrian Arab Republic (X tons) and Italy (X tons) occupied a little share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Spain, while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Spain ($X) and Greece ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

In terms of the main exporting countries, Spain recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the olive export price in El Salvador amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the olive export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for olives attained their peak figure at $X per ton in 2016; however, from 2017 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Portugal, while the other leaders experienced more modest paces of growth.

Olive Imports

Imports into El Salvador

Olive imports into El Salvador totaled X kg in 2018, growing by X% against the previous year. In general, olive imports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. In that year, olive imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, olive imports stood at $X in 2018. Over the period under review, olive imports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2016 when imports decreased by -X% against the previous year. El Salvador imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

Spain (X tons) and Italy (X tons) represented roughly X% of total imports of olives in 2018. The U.S. (X tons) took the next position in the ranking, followed by France (X tons), Tunisia (X tons) and Lebanon (X tons). All these countries together took approx. X% share of total imports. The UK (X tons), Germany (X tons), Saudi Arabia (X tons), Israel (X tons) and Bulgaria (X tons) occupied a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Tunisia, while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Saudi Arabia ($X) and France ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Spain, Germany, the U.S., the UK, Bulgaria, Israel, Tunisia, Lebanon and El Salvador, which together accounted for a further X the main importing countries, Israel experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The olive import price in El Salvador stood at $X per ton in 2018, going down by -X% against the previous year. Overall, the olive import price continues to indicate a dramatic descent. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. In that year, the import prices for olives attained their peak level of $X per ton. From 2014 to 2018, the growth in terms of the import prices for olives failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Saudi Arabia ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Israel, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform